Jane wishes to sell her regular interest Canada Savings Bond. The bond has an interest...
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Accounting
Jane wishes to sell her regular interest Canada Savings Bond. The bond has an interest rate of 6 percent compounded annually. The face value of the bond is $500. It has been 8 months since she received an interest payment. How much will she receive when she redeems her bond? a) $500 b) $505 c) $520 d) $530 e) current price on bond market
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